Bribe case ensnares senior official
By Cyril Li |
January 29, 2010, Friday
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Print Edition
Print Edition
A FORMER high-ranking official of China's foreign exchange watchdog has been arrested for allegedly adding favorable clauses to regulations or seeking advantage in approval procedures in exchange for taking bribes.
Xu Mangang, then director of the inspection department of the State Administration of Foreign Exchange, was suspected of accepting bribes. His arrest was approved by Beijing People's Procuratorate, Beijing-based Caijing magazine reported.
Four other officials and two lawyers are also being investigated in the case.
The disciplinary department launched a probe against Xu after discovering he owned several real estate properties in Beijing and had a large amount of assets.
Xu was targeted by investigators after they received tips in a corruption case against Guo Jingyi, a Ministry of Commerce official.
Xu Mangang, then director of the inspection department of the State Administration of Foreign Exchange, was suspected of accepting bribes. His arrest was approved by Beijing People's Procuratorate, Beijing-based Caijing magazine reported.
Four other officials and two lawyers are also being investigated in the case.
The disciplinary department launched a probe against Xu after discovering he owned several real estate properties in Beijing and had a large amount of assets.
Xu was targeted by investigators after they received tips in a corruption case against Guo Jingyi, a Ministry of Commerce official.
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